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'The Great Real Estate Reset'


The Great Real Estate Reset
Business as usual in the real estate industry is failing the economy and the political and social cohesion of the United States, according to a new initiative launched by the Brookings Institution.
February 3, 2021, 12pm PST | James Brasuell |
Christopher Coes, Jennifer S. Vey, and Tracy Hadden Loh write to announce a new initiative at the Brooking Institution called the Great Real Estate Reset, anticipating that the U.S. real estate industry is overdue for its next reset the first since the subprime mortgage crisis of the Great Recession.
Another understanding driving the initiative is the defining role of real estate in the American economy. It is by far the largest asset class in the United States, comprising over 40% of private assets nationally, followed by bonds, stocks, and cash, according to the article. ....

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